NEWSROOM

Ogone successfully completes acquisition of Tunz.com

Friday, October 26 2012

BRUSSELS | Now that the takeover of mobile payment pioneer Tunz.com has been definitively completed, Ogone is consolidating its leading position in online and mobile payment solutions worldwide. Ogone not only acquires an e-money licence, so that its 35,000 customers can easily expand internationally without elaborate administrative procedures, but also enhances its expertise in mobile payments.

The acquisition of Tunz.com is a strategic milestone for Ogone, the worldwide specialist in online payment solutions. The newly acquired company actually has the status of European e-money issuer and is thus able to provide financial services in the European Union, for which a licence as an accredited institution for electronic money is required. Ogone can in the meantime provide various local and international payment methods with a single contract, under the terms of which web merchants can reach millions of consumers abroad easily, without excessive paperwork.

Ogone’s unrelenting quest for innovation and progress reflects the ambition of providing optimal, customer-oriented service at all times. Ogone is capitalising on the global trend towards payment via mobile technology by incorporating Tunz.com, who can offer Mobile Wallets as a part of its services. This ‘virtual wallet’ allows customers to use their mobile phone as a means of payment, and it even supports multiple currencies and products (vouchers, coupons, tickets etc.). Tunz.com’s long standing expertise constitutes an enormous winning asset and will turn Ogone’s already broad range of payment solutions into a complete, global and future-oriented service.

“The auspicious acquisition of Tunz.com is finally over and by pooling our forces we have once and for all embarked on presenting a unique, comprehensive solution to e-merchants worldwide,” said Peter De Caluwe, CEO of Ogone. “We are proud to be able to provide merchants throughout the world with the necessary means and resources to turn their greatest ambitions into reality.”